2026-01-09 01:25:36

Today the market is a bit interesting, with the crypto market generally weakening. Bitcoin has fallen about 1.8%, oscillating around $91,000, with $89,200 being the current key support level. Ethereum performed even worse, dropping over 3%, and even briefly breaking through the $3,100 support line. The total market capitalization has also shrunk by nearly 2%.

Why is this happening? There are three main reasons. First, the macro environment is indeed a bit chaotic, as all kinds of funds are waiting for tonight’s US non-farm payroll data, leaving everyone uncertain. Second, the short-term liquidity is under pressure; yesterday, the US Bitcoin ETF experienced nearly $500 million in net outflows, which is not a very good sign. Lastly, on the derivatives side, a large number of high-leverage longs have been liquidated, which has increased market volatility.

Looking ahead, the market will likely remain volatile in the short term, and the release of the non-farm payroll data could trigger significant fluctuations. However, the long-term optimistic outlook remains unchanged, as institutions continue to deploy steadily. For trading, it’s recommended to stay cautious, avoid high leverage, and focus on the movements of non-farm payroll data and ETF fund flows, as these two indicators are very reflective of the future direction.

BTC2,92%

ETH6,05%

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TokenomicsShaman

· 01-11 22:07

Wow, is the non-farm payroll coming again to be wiped out? My leverage positions are trembling... 500 million outflow is really intense, are institutions dumping or waiting for the bottom? It's another high-leverage liquidation hero... Serves you right, don’t blame the market. This breakout doesn’t feel that simple, I have a feeling someone is doing a shakeout. Waiting to see how the non-farm payroll messes things up, anyway I’ve given up on short-term expectations. Breaking below 89200 would really be a bit tragic, and I’d have to dump again then. So now it’s just lying flat? I definitely can’t do that, I can’t sit still. The ETF outflow, are institutions starting to waver too... A month’s gain just gone like that, crypto really is this kind of nature. Betting on non-farm payroll is worse than betting on the neighboring Hong Kong stocks, at least there aren’t so many leverage monsters.

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FundingMartyr

· 01-11 01:40

It's the same pattern again, just before the non-farm payroll report, there will definitely be volatility. It's predictable. Are you getting liquidated again? Those using high leverage deserve it. I warned you not to play with fire. ETF net outflow of 500 million? Are institutions offloading or building positions? That's the real question. If 89200 doesn't break, I won't back down. Just watch. With Bitcoin's current volatility, it's better to just stay flat and wait for more data.

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failed_dev_successful_ape

· 01-10 19:13

It dropped again. This wave looks pretty fierce. ETF outflow of 500 million? Damn, are the institutions fleeing? Pre-NFP, just like this. Will we survive once the data comes out? Haha. Good night to all high-leverage traders. What to do if Bitcoin can't hold 89,200? Is this support really effective? When Ethereum broke through 3,100, I knew today was doomed. Stop using leverage, really, this isn't something to play with today. When liquidity tightens, this is what happens. Feeling a bit anxious, brother. But if institutions are still accumulating, then I'm not too worried. Just waiting for some movement from the NFP. So boring.

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BlockDetective

· 01-09 01:54

Here comes another wave of cutting leeks time. I knew that as soon as the non-farm payroll data was released, things would get serious. ETF net outflow of 500 million. Is the institution blaming others or laying low at the bottom? I find it a bit hard to understand. Contract liquidations are quite normal. Leverage monsters should be like this—it's a bloody lesson. If this wave breaks 89,200, it will be really dangerous. Don't cry then. Long-term optimism? Let's wait until the non-farm payroll data comes out. Right now, everything is虚的.

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gaslight_gasfeez

· 01-09 01:53

It's ETF withdrawals again. This wave, institutions are clearly cutting the leeks and shorting.

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NFTArchaeologist

· 01-09 01:48

Once again, non-farm payrolls are to blame. The ETF net outflow of 500 million is a bit alarming.

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GasFeeGazer

· 01-09 01:45

Here comes the liquidation drama again, watching the contract brothers collapse one by one... truly incredible. The ETF net outflow of 500 million is a bit suspicious; are institutions withdrawing? Or is it just a correction? Breaking 89200 means we have to reassess, don’t ask me how I know. Non-farm payroll data is like opening a blind box—either a surge or a plunge, there’s no middle ground. High leverage is really "I go all-in and you lose everything," isn’t it too exciting? Not holding 3100 for Ethereum is a bit aggressive; it seems like it’s looking for support downward. With the market so tight, only tough guys dare to add positions. Being cautious actually means waiting for a rebound opportunity; smart people do that.

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faded_wojak.eth

· 01-09 01:40

It's the same story again. As non-farm payrolls arrive, everything starts to get chaotic. ETFs are still experiencing net outflows, indicating that institutions might not be that optimistic either.

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GateUser-c799715c

· 01-09 01:39

Here we go again, always saying "long-term optimism," but in the short term, we're still getting hammered. High leverage retail investors will have to pay tuition fees again.

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